CJ CheilJedang will sell its 66% stake in Brazilian subsidiary CJ Selecta to Bunge Alimentos for an estimated $356.18 million. The proceeds will be used for the biotechnology portfolio of CJ Group, with the specific allocation yet to be determined.
Dairy company Purmil will maintain its business by cutting 30 percent of its current employees, according to the company on Thursday.
Some 100 employees gathered in front of the headquarters of dairy company Purmil to protest against the company’s decision to close business and lay off their workers.
Workers sun-dry meju, or blocks of fermented soybeans, at a farm in Anseong, Gyeonggi, on Tuesday. Fermented soybean lumps act as the base for soy sauce and bean paste, staples of Korean food.
Korea JoongAng Daily Sitemap
